Nestegg

Last reviewed September 2026 i QUICK ANSWER Yes. Bounced direct debits in the last one to two months can lead to a loan application being declined, even if your credit report looks clean. One or two bounced payments may not stop you being accepted, but mo

Last reviewed September 2026 i QUICK ANSWER A credit score is a number, typically between 0 and 1250 (depending on the credit reference agency model), that lenders use to assess how reliably you manage borrowing and repayments. The higher your score, the

Where we started Eight years ago, in July 2018, we put our first three credit unions live onto our Decision Engine. The picture then looked a lot like Canada's does today. Online loan applications were rare. Where they existed, most fed straight into a ma

Strong credit union fraud detection means catching these patterns before they cost you money. In a recent blog post we introduced Multi-Source ID Verification (MSID). This is a single, configurable score built from everything NestEgg already sees about an

When someone applies to join a credit union or take out a loan, identity verification should be simple: confirm the applicant is who they say they are and get the loan issued ASAP. In practice, a lot of good applicants get stuck. Most identity checks rely

Last reviewed August 2026 i QUICK ANSWER A Notice of Correction is a short statement - up to 200 words - that you can add to your credit report to explain a negative entry. It doesn't change your credit score, but it gives lenders context that may influen

Not every improvement to a lending journey needs to be big. Sometimes it's the smaller features that add up to make a difference - fewer stalled applications, less manual work, faster turnaround. This month we've rolled out three new features, each solvin

Last reviewed August 2026 i QUICK ANSWER Open Banking lets you securely share your bank transaction data with a lender in a few clicks, replacing the need to find, download and send paper bank statements. For credit union applications through NestEgg, con

Last reviewed August 2026 i QUICK ANSWER Yes, Open Banking is safe. Your bank login details are never shared with anyone. Instead, a secure one-time token is used for each connection. Open Banking is regulated by the Financial Conduct Authority, uses bank

Last reviewed August 2026 i QUICK ANSWER Open Banking is a secure, regulated way to share your bank transaction data with a lender, so they can see your income and spending without needing payslips or paper statements. It's optional, read-only, and can be